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Crisis-weary investors scoffed Monday at what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. U.S. stocks were little changed, and borrowing costs for Spain surged to alarming levels.

Sunday's elections in France and Greece were a firm vote against austerity, and that means the future of the eurozone is again in doubt. Here's why the bond markets care so much -- and why you should, too.